Management
1. Sony Corporation corrected multiple mistakes in creating Blu-ray it made with the Betamax Answer: 2. During the Industrial Revolution, jobs were carried out in small organizations rather than large shops. Answer: 3. Primary Shareholders include employees, suppliers, governments, and local communities, which are groups the organization depends for its survival. Answer: 4. Getting work done through others is management. Answer: 5. Resource scarcity is the increase of critical resources in an organization’s external environment Answer: 6. There are less than five steps in the strategy-making process. Answer: 7. Society conforming to accepted principles of what is right and wrong is ethical behavior. Answer: 8. Valuable and rare are components for sustainable competitive advantage. Answer: 9. The Right to advise others who are not subordinates in the chain of command is Line Authority Answer: 10. Efficiency is accomplishing tasks that help fulfill organizational objectives Answer: 11. Socially Responsible companies are guaranteed to be successful Answer: 12. Vision and mission are two key management pieces for Top Managers Answer: 13. The most compelling benefit of planning is that it has been proven to work for both companies and individuals. Answer: 14. Sustainable Competitive Advantage means all resources must be rare, valuable, and nonsubstitutable, & perfectly imitable. Answer: 15. First-level managers implement and create single-use plans, standing plans & operational plans Answer: 16. During discontinuous change, companies should not find ways to anticipate and survive technological change Answer: 17. Tariffs are imposed on Ford vehicles imported from a European plant Answer: 18. Free trade agreements create new business opportunities without competition increasing Answer: 19. Empowering employees is a good way of increasing productivity and employees’ feeling competent Answer: 20. Quantitative factors have no absolute numeral associated; rather a value can be assigned when compared to others Answer: Multiple Choice – Choose an appropriate response by placing the answer’s letter in the blank. There is only one correct answer for each question. 2 Point Each 21. A management function that determines organizational goals & a means for achieving them a. Pairing b. Planning c. Preparing d. Prepping 22. Characteristics of External Environments consist one of the following a. Environmental Norms b. Environmental Simplicity c. Resource Scarcity d. Certainty 23. Intensified effort, persistence, and direction are all benefits for a. Partnering b. Packing c. Praying d. Planning 24. Gordon’s Foods Supply (GFS) is considered what to Mr. Burger a. Secondary Stakeholder b. Primary Shareholder c. Primary Stakeholder d. Secondary Shareholder 25. A S.W.O.T. is made up of these except one a. Strengths b. Weaknesses c. Opportunities d. Terrors 26. The technology industry has which type of environmental change a. Dynamic b. Steady c. Stable d. Consistent 27. Contributed the theories of strategy and identifying & attacking opponent’s weaknesses a. Cato b. Machiavelli c. Sun Tzu d. Venetians 28. Which is not a component of specific environments? a. Customers b. Competitive advantage c. Competition d. Advocacy Group 29. Diamonds contain what pieces of sustainable competitive advantage a. Valuable b. Rare c. Substitutable d. A & B 30. Inspiring and motivating workers to work hard to achieve organizational goals a. Leading b. Controlling c. Following d. Asking Read More …